Bramble Corp. bought a machine on January 1, 2011 for $812000. The machine had an expected life of 20 years and was expected to have a salvage value of $76000. On July 1, 2021, the company reviewed the potential of the machine and determined that its future net cash flows totaled $391000 and its fair value was $304000. If the company does not plan to dispose of it, what should Bramble record as an impairment loss on July 1, 2021?

$11000

$121600

$0

$34600

Swifty Corporation owns machinery with a book value of $760000. It is estimated that the machinery will generate future cash flows of $704000. The machinery has a fair value of $567000. Swifty should recognize a loss on impairment of

$ -0-.

$193000.

$137000.

$56000.